The financial policy of the state

The financial policy of the state, as a rule, is aimed at building a financial mechanism that allows to achieve with maximum efficiency the achievement of tactical and strategic goals, which are stated in the long-term development program of the country in the future. The financial policy of the state involves all components: budgetary, tax, customs, currency and monetary policy.

The financial policy of the state is a set of purposeful actions aimed at setting goals, as well as determining the means to achieve them. Thus, it is an economic state policy that manifests itself in the use of financial state resources, as well as in tax regulation, in the regulation of expenditures and incomes, in influencing the national exchange rate, in executing and forming the state budget, in managing money circulation.
The main subject of the policy is the state. It is they who are responsible for the development of scientifically sound concepts for the development of finance; The main directions of their application are determined; Measures are designed to achieve specific goals.

The financial policy of the state is inherently strategic directions determining the medium and long-term prospects of using finance and providing for the solution of the main tasks that arise from the specifics of the functioning of the social sphere and the country's economy. Along with this state, the current tasks and objectives of applying financial relations are being carried out . All of the above activities are interdependent and closely interrelated.

The financial policy of the state is an integral part of economic policy. The financial strategy is a long-term financial policy of the state, designed for a long-term perspective, it provides for the solution of large-scale tasks. Thus, financial measures and decisions aimed at achieving results over a period of 12 months are considered a long-term policy.

The financial tactic is the solution of problems at a certain stage of development with the help of timely regrouping of financial ties. The principles for the formation of long-term and short-term policies are interdependent. Short-term financial decisions must necessarily be correlated to long-term goals and contribute to their achievement. This correlation is closely connected with the strategy and tactics in the financial policy of the state as a whole. Strategic decisions and long-term financial policy of the state are related to investments, therefore, investment processes are analyzed for their development .

The financial market is an organized institutional structure for the creation of financial assets for their subsequent exchange. In the financial market, there is a mobilization of capital, loans are provided, and exchange monetary transactions are carried out. The activity of the national financial market is regulated by the Central Bank of the country. International financial markets have certain areas where their activity is concentrated. As a rule, these are international financial centers where most of the international financial transactions are conducted. If you list the world financial markets on a decreasing scale, then the list will be headed by London, and Singapore will complete it. International financial markets are a set of national financial markets. The activities of international financial markets are regulated by a variety of international institutions and international agreements.